The Iron Lady is dead

Britain’s first and only female Prime Minister Margaret Thatcher has died peacefully following a stroke at the age of 87.

Her children Mark and Carol Thatcher announced that their mother had died peacefully following a stroke this morning.

Speaking to Sky News, spokesman and friend Lord Bell, who announced her death, said: “We’ll never see the like of her again. She was one of the great prime ministers of all time and transformed people’s lives.”

He described the former prime minister, a grocer’s daughter from Grantham, as the greatest leader of the Conservative Party with the exception of Winston Churchill.

Margaret Thatcher Reaction Live

He said: “She was just a fantastic person – extraordinary charisma, very focused, loved her country, loved being in government and dedicated her life to making people’s lives better …I think history will remember her very kindly.”

Prime Minister David Cameron paid tribute saying: “It was with great sadness that I learned of Lady Thatcher’s death. We’ve lost a great leader, a great Prime Minister and a great Briton.”

Mr Cameron, who was meeting EU leaders in Spain, will return home early and is expected to arrive back in the country this afternoon.

A statement from Buckingham Palace said: “The Queen was sad to hear the news of the death of Baroness Thatcher. Her Majesty will be sending a private message of sympathy to the family.”

Downing Street announced that she would receive a full ceremonial funeral with honors at St Paul’s Cathedral.

Lady Thatcher, Britain’s first and only woman prime minister, had become increasingly frail and was suffering ill health in recent years.

She suffered several small strokes in 2002 and was advised not to accept further public speaking engagements.

Her increasingly frail condition when she was seen – especially after the death of husband Denis in 2003 – led to frequent bouts of speculation about her health.

However, MPs and friends who saw her regularly said she remained alert and interested in politics, and she was not known to have deteriorated notably recently.

She was admitted to hospital shortly before Christmas where she underwent an operation to remove a growth from her bladder but was allowed to return home before new year.

Prime minister between 1979 and 1990, she has been credited with transforming a nation in one decade, putting Britain back among the leading industrial nations of the world.

She became loved and loathed in equal measure as she crushed the unions and privatised vast swathes of British industry, as she led the Tories to three election victories.

She was nicknamed the Iron Lady by a Russian journalist in 1976 for her opposition to Soviet communism. It is a moniker that stuck, and which privately she was thought to enjoy, and was the title of a film in which Meryl Streep took the title role, which was released in 2011.

She was also memorably described by the then French president Francois Mitterrand with the back-handed compliment that she had the “eyes of Caligula and the mouth of Marilyn Monroe”.

But perhaps the defining moment of her career will be the decision to send a taskforce to the Falklands on April 2, 1982 after Argentina invaded.

Liberal Democrat leader Nick Clegg said: “Margaret Thatcher was one of the defining figures in modern British politics.

“Whatever side of the political debate you stand on, no-one can deny that as prime minister she left a unique and lasting imprint on the country she served.

“She may have divided opinion during her time in politics but everyone will be united today in acknowledging the strength of her personality and the radicalism of her politics.”

Former Conservative prime minister Sir John Major described Baroness Thatcher as a “true force of nature” and a “political phenomenon”.

He said: “In government, the UK was turned around under – and in large measure because of – her leadership.

“Her reforms of the economy, trades union law, and her recovery of the Falkland Islands elevated her above normal politics, and may not have been achieved under any other leader.”

Despite her toughness, few will forget the pictures of Baroness Thatcher leaving Downing Street for the last time with her husband, Sir Denis, and tears in her eyes.